Wondering how to get started on selling your home in Sacramento? Here’s a quick run-down on the best practices as well as common mistakes you should avoid when you’re ready to embark on the process of selling a home.
Enhance curb appeal and consider staging. Don’t underestimate the power of a good first impression. Having a home that stands out and is more attractive than comparable properties definitely ups its desirability factor amongst buyers.
Hire a real estate agent. A real estate agent is a valuable ally in the whole selling process. From helping you price your home competitively to giving it the right exposure to handling all the legal requirements and paperwork, your realtor will be there to guide you and give you valuable advice. They will make the whole process of selling as smooth sailing as possible for you.
Spread the word. Don’t just rely on your broker to sell your property, get the word out there! Tell your neighbors! You can even post an ad in your social media account. Don’t underestimate the power of your network and your “weak ties” – the friends of friends of friends and so on – there’s a good chance the sale might come from them.
Common Mistakes to Avoid
Overpricing the property. When putting a price tag on your property, it is highly recommended that it be based on objective reasons. Overpricing your property decreases the chances of its being sold as soon as possible. When a home has been on the market too long, this discourages buyers from checking it out – many tend to think that there’s a good reason why the house hasn’t sold yet. Instead, make sure that your home is competitively priced by checking the prices of properties similar to yours, and by updating yourself on market data.
Spending too much on home improvements. There’s nothing wrong with sprucing up your property to properly showcase it to potential buyers and arouse their interest. However, be wary of spending too much on costs and repairs as these do add up – and you might not be able to recover this expenditure, which may even be unnecessary to begin with. Best to consult with your broker if you would like to maximize your investment in home staging and repairs.
Failing to understand the terms of a contract. Purchase contracts are crucial in the whole home selling process. Before anything else, you, as a seller should understand your rights and obligations, as failing to do so can cause you a great deal of trouble down the road.